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$GEOS | GeoSpace Technologies Base Building

Oil and Gas continues to languish near the bottom of investor sentiment in what is a crowded Pairs trade being long Tech and Semi-Conductors and Short oil. The first signs of an unwinding occurred with a major buy signal on Conoco (COP) on Friday s shown on the chart below, which prompted a look elsewhere for other opportunities.and GEOS presenting itself.

One that has hit our radar this week is GEOS GeoSpace Technologies, which is the process of building a classic Base formation. A glance at the Fundamentals shows that whilst it is loss making, its sales growth in the past year has been impressive, especially in such a challenging environment for the industry.

Get Full techncial Analysis and Charts for this Potential Long Trade on $GEOS HERE >>>